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20130411
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CSPAN 8
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Search Results 0 to 16 of about 17
PBS
Apr 14, 2013 3:30pm PDT
product in 2008 to 78.2% of gdp, in 2014. under obama's budget, by 2020, the national debt ceiling will exceed $25 trillion. >>> question. is this budget the basis for serious negotiations with the republican leadership? or is it a political ploy? pat buchanan? >> no i think he did throw out a card john with the social security chain cpi. but i don't think it will go anywhere for this reason. the president has tax increases in there the republican house simply cannot abide and go home and survive. he is not going to get those tax increases. secondly, this chain cpi, already has a fire storm inside the democratic party against him for going after social security and medicare. so i think he put this out here. but john the real long-term problem medicare, medicaid social security eat up more and more and more of the budget. you mentioned defense and discretionary spending go down less and less and less. and i think it is, you know, this is no new deal or no new frontier or no great society. it is a timid budget, i think. and it is a grim budget for the united states. >>> the cpi is th
Current
Apr 11, 2013 4:00pm PDT
've seen it through the debt ceiling where president obama is moving in their direction and it's still never enough. it's never going to be enough. interestingly here to beth's point, you have a potential strategy here where president obama is demonstrating yet again another object lesson that the republicans are intransigent, not willing to do anything he propose's -- cenk: i got to ask you though, you're all right beth's right joe's right, he's proving over and over republicans are intransigent, but then gives republicans when they wanted and gives it to them again and again. where's the brilliant strategy on policy? isn't he getting his ass kicked? start with joe and move on down. >> it depends on how big a picture you're looking at. certainly in 2012 when we talked about the negotiations over the debt ceiling. what president obama got was an extension of unemployment benefits an extension of the painful tax holiday. cenk: whoop-to-doo! >> for someone at the end of the level, that four or five weeks made a big difference. it also mattered in the fact that it did not detrimentally af
CSPAN
Apr 11, 2013 8:00pm EDT
yesterday that focused on the debt ceiling in terms of the possibility of obligations, ur obligations all emanating from congressional actions. we cannot continue on this dangerous path. hopefully this hearing will serve a constructive opportunity to embrace a different path. i yield back. >> thank you so much, mr. levin. again,s this my pleasure to welcome secretary jack lew back to the committee on ways and means. we look forward to your testimony. the committee received your written statement t will be made part of the formal record and secretary lew, you're recognized for five minutes. >> thank you very much, mr. chairman and thank you, mr. chairman, ranking member levin for your gracious welcome here today. it's an honor to appear and present the president's budget for next year. i sit here as chairman noted surrounded by four decades of memories of many important occasions when bipartisan cooperation has moved the country forward in the best interest of the american people. i sit here today looking forward to continuing in that tradition this year and in my current role. our economy
CSPAN
Apr 16, 2013 11:00pm EDT
to be confronted in the next weeks and months as you and the chairman pointed out is the debt ceiling. i hope we have all learned from our experience in the summer of 2011 that it is irresponsible and reckless for the united states to suggest that it will not meet its financial obligations. the there's bondholders, social security recipients, due to other people have contracted with the united states government. in the house in the next couple weeks, we are expected to take up a bill that says, you know what, we can prioritize their deaths. based on that book take on first, but other debts and obligations including this congress have taken on, they don't have as high a priority. could you, mr. secretary, secretary of the treasury comment on what impact it would have on our economy and the signal is sent to the international communist united states were to default on any of its obligations? >> congressman, that notion you prayer a case which is the obligation congress authors should be paid is one that just doesn't work. hhs would obligation your defaulted non. we have never in the history defaul
CNBC
Apr 10, 2013 11:00pm EDT
to have runs. fourth him of the debt ceiling was going to derail our economy for certain, even if we manage to solve the fiscal cliff and the sequester lurked ominously. no matter what deal the politicians made. these would have course throw us off track and cause much higher unemployment. finally, four months ago, fourth quarter earnings, the reports were right around the corner and they were supposed to be, yes, nothing to write home about, or maybe worse, particularly the worldwide slowdown that europe seemed to be mandating, we could have huge downside surprises and the last time we had some pre-announcements -- wait a second. what actually happened? how about we had the best first quarter in 15 years. how is that possible? i think it's because the market has changed its animals. i'm not kidding. investors stopped being scared of washington or europe or earnings shortfalls and they decided to embrace the future, not spurn it. they became like ulysses and his crew, strapped to the mast, oblivious to the sell, sell, sell sirens of the saturnine set. where is sappho when you need h
CSPAN
Apr 14, 2013 10:30am EDT
will not negotiate around the debt ceiling. you for your testimony to date. i want to spend some time talking about the presidential proposal. on this question of debt and how we are right, is it fair to say that the 2001 bush tax cuts but was not paid for at the time by this congress added to this country's debt burden? >> there were two wars that will were not paid for. >> as a result of the collapse, andook a $22 trillion hits necessitated a substantial bailouts by this institution. both of which added to our debt burden. is that correct? to the fourates were looking plans that you it does seem to me to be forward-looking plan despite suggestions to the contrary. we are in a very peculiar situation as it relates to our recovery under the administration. it has 6 million private sector jobs that have been created. we have corporate profits at a double high. we have saw market at near all- time highs. the productivity of an american worker is at an all-time high. highloyment remains itself. we have somet economic indicators that seem to suggest we're doing well but others suggest we have a ways to
CNBC
Apr 11, 2013 7:00pm EDT
to have another crisis, a debt ceiling crisis, because if the president thinks the republicans are going to go along with this, if they are going to go along with other sorts of tax increases, big tax increases for minor entitlement cuts, that's not going to happen. i mean, as we were saying before, it's the sequester, the spending austerity, the right kind of austerity, that is helping this economy right now. balanced off by the fed. we're not going to get rid that have and replace it with tax hikes. >> dave drucker, the gop wants to win in 2014, i get that, but if the gop becomes democrats, i don't think they are going to win in 2014. >> well, larry, i think everybody should disabuse themselves of the fact that the republicans are going to sign on to the obama budget in any form as it's presented today, and that they are going to support tax increases of any kind, and if the president thinks that the fiscal cliff deal is a way forward for him to cut more deal with the republicans he's going to be disappointed. not only is it bad for them politically, they simply don't believe in it and
CSPAN
Apr 12, 2013 10:30pm EDT
by the republicans in the house to increase the debt ceiling. at the end of the day, we got $2.5 in spending. restrapets that was the cap and the sequester. there's been repeated efforts by democrats in the senate and the white house to undue that agreement of august 2011, but it has held. the sequester is holding despite not letting kids go through the white house or the easter egg hunts and not letting the blue angels fly. this is the boy cried wolf kind of thing. at the end of the day, taxpayers won that fight. those who believed in d.c., you had to raise taxes in order to get any spending restraints. we're wrong. we got the -- they were wrong. obama -- president obama is again saying i will never let you cut the budget unless you give me tax increases. he said that for the last three years and he has lost several times on that fight. does he want to have spending restraint or entitlement reform? don't think so. democratic senate with 59 or 60 votes. he woke up every morning and he could have reform entitlements but he didn't, he went to bed. someone could do something for 00 days like qu
CSPAN
Apr 18, 2013 1:00pm EDT
for a debt ceiling piece of legislation that would be considered. i would hope, as i said last week, that we could deal with in a nonpartisan, bipartisan, nonpolitical fashion the protection of the credit worthiness of the united states of america and to the maintenance of america's credit rating. it was reduced for the first time in history when we had a debt cliff debate in 2011, and we were reduced by one point in the credit worthiness of our country. that was unfortunate for our country. president reagan said in 1986, unfortunately congress consistently brings the government to the edge of default before facing its responsibility. this brinksmanship threatens the holders of government bonds and those who rely on veterans' benefits, interest rates, etc., would skyrocket if we did that. he was then urging the democratic congress and republicans to support the increase in the debt, which as you know, was done. in addition, keith hennessey who was george bush's national director counsel, payment prioritization doesn't stop payments, it just delays them. then the party sues the government and
CSPAN
Apr 15, 2013 5:00pm EDT
that was demanded by the republicans in the house for the increase in the debt ceiling. at the end of the day, we got 2-1/2 trillion in spending restraints. the caps and the sequester, have been repeated efforts by democrats in the senate and the white house to try and undo that agreement of august 2011, but it's held. the sequester is holding. despite the historianics of not having easter egg hunts or not letting kids go through the white house, not letting the blue angels fly. they do that and looks silly, the boy who cried wolf. and at the end of the day we taxpayers won the fight, and those who believed in d.c., you had to raise taxes, in order to get any spending restraint, were wrong. we got suspending restraint without the tax increases. obama -- president obama is again saying'll never let you cut the budget unless you give me more tax increases. he said that the last three years and has lost several times on that fight. so does he want to have spending retrain or spitelement reform? -- restraint or entitlement reform? i don't think so. just look backwards. his first two years a democrati
CSPAN
Apr 11, 2013 1:00pm EDT
of what we call the debt ceiling which lets the country borrow money to pay its bills. as a part of that agreement, a large number of people from both parties voted for something that hasn't turned out very well. and it's called sequestration. this is a word that gets tossed around in this chamber. it is having a real and negative impact on the country. i just came from a hearing of the armed services committee where the chairman of the joint chiefs of staff and the secretary of defense told us that nine battle groups and three bomber groups of our air force and our navy planes have been grounded. about 1/3 of the nation's air capacity isn't flying. across the country today, people who are on medicare, who need chemotherapy treatments from their doctors offices are finding that many doctors are declining to do chemo therapy treatments for cancer patients because of the cuts that take place in sequestration. i met earlier this week with employees of the naval sea systems engineering command in philadelphia whom i represent. they're looking at a 20% pay cut because of furloughs. th
CSPAN
Apr 12, 2013 9:00am EDT
approaches the debt ceiling to say, how are we going to tell the people that we are going to pay off the debt that we've now gone ahead and incurred? and i think a little bit of forethought here, planning into the future, how we're going to pay the bills is the emphasis. and i've always agreed, as the gentleman said, the debt ceiling is something that is necessary for the operations of government. we'll bring a bill forward that will ensure that we don't go into default, but i do think that we should be mindful of how we're going to tell the public we're going to go in the future and pay off these debts. because as the gentleman has many children and grandchildren, he doesn't want his kids nor do i want mine to be shouldering the debt and paying our bills. we should be really committing ourselves not to just borrowing more, not to just taking more from taxpayer dollars because we've done a lot of that this year already. the gentleman talks about the need to proceed with revenues. we already have close to $650 billion i of additional static revenues, taxes that are accounted for because of the
CNN
Apr 11, 2013 6:00am PDT
is going to be positive, though, carol, we'll see some structure for deficit reform. because the debt ceiling debate that's coming before us. >> let me tell you why you are not easing my indigestion, i am afraid of what success may look like. >> nobody gets all that they want. and it's about time we started to come to some sort of agreement on something. although the background check isn't the best, at least they came to some sort of agreement. when was the last time that happened? >> and the public is engaged in the debate, and the public demanding action from legislateors. that's critical. >> we are taking on so many issues, agreement isn't always to be celebrated. on the issue of background checks, i don't think it's a compromise worth having. >> okay, well, i'm kind of depressed by you today, will. >> sorry. >> will kain, robert zimmerman. >>> talk about a spoiler alert. kevin bacon of "the following" reveals a major plot twist and now he's apologizing. carfirmation. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your
CSPAN
Apr 11, 2013 5:00pm EDT
me they are ready. >> on the debt ceiling, how do you see it playing out? you want it todo play out? >> the house is going to move a bill to give the treasury the ability to make interest payments, to make social security payments, in some particular fashion. our ur goal here is to put spending on a sustainable path. it isn't to default on our debt. the goal is to cut spending. i've made clear that until we get spending cuts and reforms that put us on a path to balance the budget in the next 10 years we're going to have fights. >> are you willing to have it turn out in 2011 again, to get to that level of suspense? >> i spent two and half years focused on this one issue in a big way. i think most you have understand my point to get this government to deal honestly with the spending problem. i've watched this government kick the can down the road and kick the can down the road. i swore to myself they would not do it and i'm not. briefing hner earlier. nancy pelosi had a briefing as well. >> tomorrow marks the 100th day of the 113th congress. i believe for the first 100 days he republ
Current
Apr 11, 2013 6:00am PDT
of played his game a little harder around new year's eve when the debt ceiling thing was going on because we need more taxes. this chain cpi, i don't think it's that terrible because when prices go up on certain things we buy, we as consumers do make choices to substitute for other product. sorry the highest respect for elizabeth warren i'm so happy she is in the senate -- >> stephanie: me too. and nancy pelosi agrees with you on that. >> yeah, we're in a world of tough decisions, stephanie. there just aren't any easy decisions anymore. it is going to hurt. the best thing we can all do -- david [ inaudible ] from the "new york times" wrote a small book about how the budget works. it's just interesting to understand what gets spent and how and then every one of us no matter whether we're liberal or conservative make an informed decision to say what am i prepared to give up, because it is going to be about giving something up. it's not going to be about getting more right now. >> stephanie: yeah, i do agree with you on -- that was the only leverage the president had w
Current
Apr 15, 2013 3:00am PDT
or not there is going to be a bucket deal probably in two months a lot of the debt ceiling. >> beep on guns. bi-partisan on immigration. maybe we can get to where we have bip beep on the bucket. in connection cook good to have you with us. follow her at national journal.com and i will be back and tell you what the president is up to today. >> this is "the bill press show." can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis my rheumatologist prescribed enbrel for my pain and stiffness, and to help stop joint damage. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections tuberculosis lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. you should not start enbrel if you have an infection like the flu. tell your doctor
CSPAN
Apr 12, 2013 2:00pm EDT
, the debt ceiling is something that is necessary for the operations of government. we will bring a bill forward that will ensure that we do not go into default, but i do think that we should be mindful of how we are going to tell the public we are going to go into the future and pay off these debts. the gentleman has many children and grandchildren. he does not want his kids, nor do i want mine to be shouldering the debt and paying our bills. really committing ourselves not to just borrowing more, not to just taking more from taxpayer dollars, because we have done a lot of that this year already. the gentleman talks about the need to proceed with revenues. we already have close to $650 billion of additional static revenues, taxes that are accounted for because of the fiscal clef deal. it is not that there are no revenues in the mix here. i look forward to working with the gentleman. i appreciate his commitment to longevity in the country, sustaining economic growth or restarting its the we can -- restarting its so that we can sustain it. i yield back. toi think finding a way invest in t
Search Results 0 to 16 of about 17